Icologiq Knowledge · Framework
Process Safety Management
A systematic approach to preventing major incidents by managing hazards associated with hazardous processes, substances, equipment, procedures and organizational change.
PSM
Also known as:
process safety, process safety management system
At a glance
Type
Framework
Topic
Process Safety
Applies to
Tank Terminals & Chemicals
Current version
Status
Last reviewed
September 14, 2026
Definition
Process Safety Management brings together the controls needed to prevent low-frequency, high-consequence events in hazardous operations. Typical elements include hazard analysis, operating procedures, mechanical integrity, training, incident investigation, emergency planning and management of change. Requirements and terminology vary by jurisdiction.
Why it matters
PSM is strategically important for Tank Terminals & Chemicals because it positions Icologiq in operational risk and major-hazard language rather than generic quality management alone.
A structured process for evaluating and controlling safety, operational and compliance risks before significant technical, organizational or process changes are implemented.
Management of Change
Process
· Change/HSE
A structured assessment used to identify hazards or uncertainties, estimate their risk and determine whether controls or further action are required.
Risk Assessment
Process
· Risk
Explore further
Related knowledge
Explore related standards, processes and quality-management concepts.
HSE-003
A systematic approach to preventing major incidents by managing hazards associated with hazardous processes, substances, equipment, procedures and organizational change.
Process Safety Management brings together the controls needed to prevent low-frequency, high-consequence events in hazardous operations. Typical elements include hazard analysis, operating procedures, mechanical integrity, training, incident investigation, emergency planning and management of change. Requirements and terminology vary by jurisdiction.